SEC Asked To Investigate Goldman Sachs For Environmental Spending

The Securities and Exchange Commission has been asked to investigate whether Goldman Sachs Group has been improperly using money meant for shareholders for environmental concerns.

The Securities and Exchange Commission has been asked to investigate whether Goldman Sachs Group has been improperly using money meant for shareholders for environmental concerns, Dow Jones Newswires reports. The request, made by a shareholder group known as the Free Enterprise Action Fund, charges that GS made “potentially false and misleading statements” regarding environmental spending. It is also not the first time the environmental policies of Goldman Sachs and its chief executive, Henry Paulson, have come under attack. In an earlier action, the FEAF blasted the company’s decision to pay $35 million for land in Chile to donate to the Wildlife Conservation Society. A Goldman Sachs spokeswoman called the latest complaint “ill-conceived and misguided.”